Looking for condos for sale in Toronto under 400K? These entry-level listings offer great value in one of Canada’s most in-demand real estate markets. Whether you’re buying your first home or adding to your portfolio, these condos are a smart place to start.

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425 377 Madison Avenue

Casa Loma Toronto M4V 3E1

$385,000

Residential Condo & Other beds: 0 baths: 1.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

C12796260

Bathrooms:

1

• Photos (16)

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Welcome to this spacious, carpet-free studio in a boutique low-rise building, ideally located in one of Toronto's most sought-after neighborhoods. Thoughtfully designed and larger than most studios, with high 9' ceilings, this quiet and well-maintained suite features sleek quartz countertops throughout and a generously sized private balcony-perfect for entertaining or relaxing outdoors. Enjoy the convenience of walking to Dupont Subway Station, George Brown College, Casa Loma, Forest Hill, the Annex, and the world-class shops and restaurants of Yorkville. The building offers exceptional amenities, including a fully equipped gym, party room, visitor parking, 24-hour concierge, pet spa, and a dedicated yoga/dance studio. Set within a peaceful building and an excellent community, this condo is ideal for professionals, students, or investors seeking style, comfort, and an unbeatable central location.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Bachelor/Studio

Approx. Age:

6-10

Total Approx Floor Area:

0-499

Exposure:

West

Bedrooms:

0

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

0

Kitchens Above Grade:

1

Rooms Above Grade:

3

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

4

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

0.0

Parking Type:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker:

None

Family Room:

No

Possession Details:

TBA

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$403.04

Maintenance fees include:

Common Elements Included, Building Insurance Included, CAC Included, Heat Included, Water Included

Taxes:

$2,138.71 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C02

Listing Sub-Area:

Casa Loma

Property Features / Area Influences:

Library, Park, Public Transit, Place Of Worship, School

Interior Features:

Carpet Free

Security Features:

Concierge/Security

Pets Permitted:

Yes-with Restrictions

Inclusions:

Fridge, Oven, Stove Top, Microwave, Dishwasher, Stacked Washer and Dryer.

Exterior Finish:

Concrete

Building Amenities:

Concierge, Gym, Media Room, Visitor Parking, Party Room/Meeting Room

Retirement:

No

Room Information:

Floor

Type

Size

Other

Main

Living Room

Measurements not available

Combined w/Dining, Laminate, Large Window

Main

Kitchen

Measurements not available

Combined w/Dining, Quartz Counter, B/I Stove

Main

Dining Room

Measurements not available

Combined w/Kitchen, Laminate, W/O To Balcony

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

In-Suite Laundry

Business Info:

Condo Corporation Number:

2681

Property Management Company:

ICC Property Management: 416-546-9845

Listing Info:

Date Listed:

Feb 18, 2026

Original Price:

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Previous Price:

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Listed by RIGHT AT HOME REALTY

Data was last updated February 19, 2026 at 12:15 AM (UTC)

Area Statistics

Listings on market:

28

Avg list price:

$1,536,500

Min list price:

$598,000

Max list price:

$6,349,000

Avg days on market:

22

Min days on market:

7

Max days on market:

166

These statistics are generated based on the current listing's property type and located in Casa Loma. Average values are derived using median calculations. This data is not produced by the MLS® system.

Get market change alerts

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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Features of Condos for Sale in Toronto Under 400K

Affordable units in this price range typically offer:

• Studio or 1-bedroom layouts ideal for singles or couples
• Functional kitchens, open living space, and in-building laundry
• Access to TTC, grocery stores, and local amenities
• Older buildings with good structure and lower tax rates

Why Choose Toronto Condos Priced Under $400,000

• Ideal for first-time buyers or downsizers on a budget
• Lower monthly payments with CMHC-backed mortgage eligibility
• Opportunities to renovate or rent out for passive income
• Reduced land transfer tax and closing costs

Where to Find Condos for Sale in Toronto Under 400K

Great value can be found in neighbourhoods such as Weston, Scarborough, East York, and parts of North York. Many buildings here offer established communities and access to transit.

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Each link provides updated listings and expert insights.

FAQs – Condos for Sale in Toronto Under 400K

1. Are there move-in-ready condos under 400K in Toronto?
Yes. While some need updates, others are renovated and ready for immediate occupancy.

2. Can I get a mortgage with just 5% down on these properties?
Yes. As long as the unit price is under $500K and you qualify, you can buy with 5% down.

3. Do condos under 400K come with parking or storage?
Some do, but it’s not guaranteed. Be sure to check individual listings for included amenities.

4. Are Toronto condos under $400K a good investment?
Absolutely. They’re affordable entry points into a strong market, often located in up-and-coming areas.